About MEDFAR International
MEDFAR International is a company based in Montreal (Canada) founded in 2010 by Patrick Issid and Elias Farah.. MEDFAR International has raised $41.91 million across 2 funding rounds from investors including Canadian Imperial Bank of Commerce, BDC and Invest Quebec. MEDFAR International has completed 2 acquisitions, including CoeurWay and Plexia. MEDFAR International offers products and services including MYLE, Appointment System, and Data Analysis Tool. MEDFAR International operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, among others.
- Headquarter Montreal, Canada
- Founders Patrick Issid, Elias Farah
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Sectors
Healthcare
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Phone
*********
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Website
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Social
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- Legal Name Medfar
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41.91 M (USD)
in 2 rounds
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Latest Funding Round
$22.16 M (USD), Private Equity Round
Dec 01, 2022
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Investors
Canadian Imperial Bank of Commerce
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
CoeurWay
& 1 more
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Products & Services of MEDFAR International
MEDFAR International offers a comprehensive portfolio of products and services, including MYLE, Appointment System, and Data Analysis Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing patient records and healthcare workflows efficiently.
System for scheduling and managing medical appointments securely.
Tool for analyzing health data to support informed decisions.
Unlock access to complete
Funding Insights of MEDFAR International
MEDFAR International has successfully raised a total of $41.91M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $22.16 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $22.2M
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First Round
First Round
(16 Feb 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Private Equity Round - MEDFAR International | Valuation | Invest Quebec | |
| Feb, 2021 | Amount | Private Equity Round - MEDFAR International | Valuation | Walter Capital Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MEDFAR International
MEDFAR International has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, BDC and Invest Quebec. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm backed by Walter Group
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Founded Year | Domain | Location | |
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Business guidance for corporate companies and startups
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MEDFAR International
MEDFAR International has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CoeurWay and Plexia. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of an AI-based software platform in automating note-taking and document creation for healthcare professionals
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2022 | ||||
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EMR solutions are supplied to healthcare providers for patient management.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MEDFAR International
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medfar International Comparisons
Competitors of MEDFAR International
MEDFAR International operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based EHR system is provided for physicians' practices.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
Clinical and financial solutions are delivered to ambulatory providers.
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| domain | founded_year | HQ Location |
Open-source healthcare software is provided by Medsphere Systems.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medfar International
Frequently Asked Questions about MEDFAR International
When was MEDFAR International founded?
MEDFAR International was founded in 2010 and raised its 1st funding round 11 years after it was founded.
Where is MEDFAR International located?
MEDFAR International is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of MEDFAR International?
Elias Farah is the current CEO of MEDFAR International. They have also founded this company.
Is MEDFAR International a funded company?
MEDFAR International is a funded company, having raised a total of $41.91M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $19.75M, raised on Feb 16, 2021.
What does MEDFAR International do?
MEDFAR International was founded in 2010 in Montreal, Canada, by co-founders Elias Farah and Patrick Issid. A cloud-based platform is offered in the healthcare technology sector to support clinical operations. Patient demographics, electronic medical records, appointments, billing, medications, prescriptions, diagnostic imaging, and lab results are managed through the system. Administrative tasks are streamlined for medical teams, with focus on record-keeping and scheduling in a provider environment.
Who are the top competitors of MEDFAR International?
MEDFAR International's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
What products or services does MEDFAR International offer?
MEDFAR International offers MYLE, Appointment System, and Data Analysis Tool.
How many acquisitions has MEDFAR International made?
Who are MEDFAR International's investors?
MEDFAR International has 4 investors. Key investors include Canadian Imperial Bank of Commerce, BDC, Invest Quebec, and Walter Capital Partners.